Notice Regarding the Formulation of the Medium-Term Management Plan

Overview of the Medium-Term Management Plan

Daiwa Refrigeration Industry Co., Ltd. formulated a medium-term management plan at the Board of Directors meeting held on February 10, 2026, covering three years from the fiscal year ending December 2026 to the fiscal year ending December 2028. The financial targets for the final fiscal year of 2028 are set at net sales of 54.4 billion yen, operating income of 9.5 billion yen, ordinary income of 9.3 billion yen, PBR of 1.00 times or higher, ROE of 8% or higher, and a payout ratio of 45% or higher. Based on the corporate philosophy of "Contributing to the prosperity of society," the company emphasizes sales engineering capabilities, customized solutions, and the growth and harmony of employees aiming for sustainable growth.

Business Strategy and Growth Foundation

As a comprehensive manufacturer of refrigeration equipment centered on kitchen equipment, the company demonstrates steady business performance focusing on direct sales and corporate sales. The medium-term plan aims to achieve net sales of 100 billion yen by developing new domestic markets and expanding overseas sales channels while utilizing M&A. As growth strategies in direct sales, key initiatives include strengthening proposals, enhancing promotions, and improving productivity. Corporate sales will also be reinforced by supporting customized products and proposing optimal storage environments for various industries. The financial and capital strategy policy includes clarifying cash allocation and steadily implementing shareholder returns.